Inc.com shares advice from Warren Buffett on the simple choice that separates Doers and Duds.
“Investing in yourself is the best thing you can do. Anything that improves your own talents.“
As entrepreneurs and business leaders, we often focus on external opportunities and investments, but Buffett’s timeless advice reminds us that the most critical investment lies within ourselves.
Following Buffett’s advice can lead to a lot of great things, like knowledge attainment in your specific field, personal and professional growth, leadership skills, and ultimately whatever will help you get better at your trade and pave the way to your success.Practical ways you can heed Buffett’s advice:
Invest in continuous learning
Buffett’s philosophy revolves around the idea that knowledge is the ultimate asset. He famously spends a considerable part of his day reading, learning, and staying informed about various industries and markets. You can apply this principle to your business by embracing continuous learning and staying updated on industry trends.Warren Buffett Says What Separates the Doers From the Duds Boils Down to 1 Simple Choice – Marcel Schwantes
Invest in your self-improvement
Investing in yourself is not limited to gaining knowledge; it also involves building self-confidence and continuously improving your skills. As entrepreneurs, our journey is often filled with challenges, risks, and uncertainty.
Invest in knowing your strengths
In business, identifying and leveraging your strengths is critical because understanding your unique capabilities can help you focus on areas where you excel. There’s also a flip side to this: You must have the self-awareness to know what tasks to take on and what tasks that fall outside your expertise to delegate to others who can handle them better, thus optimizing your time and efforts.
Invest in a supportive network
Surrounding yourself with the right people is crucial for your success. Buffett is big on emphasizing the value of seeking out mentors, partners, and friends who inspire and challenge you. This means building a network of like-minded peers and colleagues, industry experts, and experienced mentors who can offer valuable insights and guidance.
Invest in doing work that you love
The biggest lesson on improving yourself stands the test of time and is especially apropos in the age of quiet quitting: Do what you love. Buffett once said: “I get to work in a job that I love, but I have always worked at a job that I loved. I loved it just as much when I thought it was a big deal to make $1,000. I urge you to work in jobs that you love. I think you are out of your mind if you keep taking jobs that you don’t like because you think it will look good on your résumé.“
